This is because time is something that no man can earn more of. No matter what people do, they will always keep running out of time.

Not even the richest man in the world can pay for more time.

Another thing that makes effective time management so important is the fact that time is a factor that is so crucial in all of man's plans.

In everything that people do, the time factor needs to be perfect.

Timing is everything in life. The importance of time management is a lesson instilled in us even in our childhood.

Do you know the fable of the tortoise and the hare?

It shows the wisdom and effectiveness of proper time management. It shows that people can succeed even in the face of seemingly unbeatable competitions as long as they know how to manage their time properly.

Time management, though, is not a singular skill. A person cannot hope to get effective time management skills with a single swipe.

He or she has to have knowledge of the different elements of effective management of tasks in order to get the whole skill. So what are the elements of this task?

1) Planning and management requires a person to plan. :

This requires a person to think before acting. This means being able to properly plan your tasks before you have to actually do them. You also need to know the fact that planning beforehand will save you a lot of time since after the planning is finished, all you would need to do is accomplish the tasks that you have planned.

2) Prioritization :

A great deal of effective management is prioritization.

You need to prioritize your tasks. Do what needs to be done first. You should learn by now how to judge the significance of different tasks. This is an essential part of efficient time management as this would allow you to do the tasks that actually matter the most to you.

3) Focus:

You need to focus in achieving a certain goal before moving on to the next one. In two goals, there could be two important tasks. Focusing on individual goals will help you in your management of time.

4) Discipline :

Even if you have a great plan, you need to have discipline to stick to that plan. Effective management of time means having the discipline to actually act on your plan. Your self discipline determines the actual implementation of your plans.

“Lost wealth may be replaced by industry, lost knowledge by study, lost health by temperance or medicine, but lost time is gone forever." “